State of New Jersey Common Pension Fund D Raises Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

State of New Jersey Common Pension Fund D grew its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,213,120 shares of the company’s stock after acquiring an additional 200,000 shares during the period. State of New Jersey Common Pension Fund D owned about 9.86% of iShares High Yield Bond Factor ETF worth $57,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HYDB. Buttonwood Financial Group LLC acquired a new position in iShares High Yield Bond Factor ETF during the fourth quarter worth about $338,000. Opus Capital Group LLC grew its position in shares of iShares High Yield Bond Factor ETF by 4.3% in the fourth quarter. Opus Capital Group LLC now owns 5,157 shares of the company’s stock valued at $242,000 after purchasing an additional 211 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of iShares High Yield Bond Factor ETF by 4.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 24,061 shares of the company’s stock valued at $1,131,000 after purchasing an additional 1,041 shares during the last quarter. Allworth Financial LP grew its position in shares of iShares High Yield Bond Factor ETF by 31.9% in the fourth quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock valued at $205,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at approximately $261,000.

iShares High Yield Bond Factor ETF Price Performance

Shares of HYDB opened at $47.52 on Monday. The company’s 50 day simple moving average is $47.29 and its 200 day simple moving average is $47.41. iShares High Yield Bond Factor ETF has a 1 year low of $49.60 and a 1 year high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2874 per share. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date was Monday, February 3rd.

About iShares High Yield Bond Factor ETF

The iShares High Yield Bond Factor ETF (HYDB) is an exchange-traded fund that is based on the BlackRock High Yield Defensive Bond index. The fund tracks a broad-maturity, multifactor index of high-yield bonds. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility.